The property, located near Warsaw CBD, was originally constructed as an office building in 2005 and is currently undergoing redevelopment conversion. Upon completion in late 2026, the building will house a 268-key Staycity Aparthotel, offering a mix of self-catering studio and one-bedroom apartments. Guests will benefit from amenities including a café, gym, co-working space, and gastronomy services.

"As part of our expansion into new markets, Poland is a key target—currently the fifth-largest economy in Europe and outperforming the broader European market. Solida was a natural partner for us, sharing a vision and offering value creation across the full spectrum of asset management and investment," commented Andrew Fowler, Chief Development Officer, Staycity Group.

Warsaw continues to strengthen its position as a destination in Central and Eastern Europe for both business and leisure travel. Major infrastructure projects, including the expansion of the metro and tram networks, are enhancing the city's attractiveness for investors, residents, and visitors.

"Our investment was driven by the conviction that urban regeneration can go hand-in-hand with financial performance. Partnering with Staycity allows us to reposition an underutilized asset into a high-quality aparthotel that meets the needs of Warsaw's hospitality market," said Joao Saracho, Managing Director, Solida Capital Europe.